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11th Oct ’23 - Nifty Cuts Through the Resistance - PostMortemNifty Analysis Recap from yesterday: “On the hourly chart — India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far — but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847.” Nifty continuing from the good form it picked up from yesterday, we opened gap-up of 76pts and then went on to take out the resistance line of 19776. The low formed in the opening 5mts was not broken showing how powerful the bulls were. We rallied another 71pts to hit a high of 19839. Interestingly Nifty did not fall or retrace from these high levels. The 19800 level was proving tough to break. We had a perfect island day today above the resistance level of 19776. My bullish view continues and the next level to watch out for will be 19901 which was tested on 11th and 20th Sep. It just took 2 days to recover from the fall we had due to war - sometimes I think we have not priced in the real impact of it. Crude oil if it remains elevated will prove to be such a disaster for us as we are importers.
NSE:NIFTYLong
by viswaram
Nifty going to make new all time high soon | Nifty soon @ 20200+Hello Traders. Nifty is doing well since 2 days, Today also it has done well, and closed above 19800 which is positive sign for nifty. On weekly timeframe nifty has formed long bullish candlestick pattern and before to that we have seen a hammer pattern. All these indicating that Bullishness has come back in market, and market is ready to fly. We have seen recent low on nifty around 19343, that can act like strong support zone in near term. Well if nifty take u turn from here, then it can take support at 19650 levels. And that area will be really good for taking entry in it. Well you guy's can start accumulating from here only. Well any decisive move above 19800 can take nifty sharply above 20000+. If i talk about monthly open interest data. Then Maximum call open interest is available at 20000 strike, followed by 19900 strike, and the maximum put open interest is available at 19600 strike, and followed by 19800 strike. So if you guy's get levels around 19650-19700, take it and then place your stop loss at 19358 levels. Target i have already mention on chart. Important levels for Nifty:- Near term support zone 19650 Strong Support Zone 19350 Near term resistance zone 19900 Strong Resistance zone 20000 Start buying from current levels and accumulate more if you get lower levels towards 19650. And then hold and sit tight, nifty will be ready to fly towards 20200+ levels in coming few session. We might can see follow up buying in index if we don't see any negativity in market. So start buying little little from current levels.. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:NIFTYLong
by TraderRahulPal
Nifty Trade Setup for 10-10-2023Nifty important levels to watch are as follows #Support: 19480 Sell below: 19480 only on 15 minute candle closure below the level. Target 1: 19445 Target 2: 19385 #Resistance: 19540 Buy Above: 19540 only on 15 minute candle closure Above the level. Target 1: 19580 Target 2: 19640 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
NIFTY INDEX ANALYSISA Clear Inverted H&S Pattern is visible on the Chart of NIFTY INDEX 1 hour Time Frame. The inverse head and shoulders chart pattern is a bullish chart formation that signals a potential reversal of a downtrend. It is the opposite of the head and shoulders chart pattern, which is a bearish formation. Profit targets in an inverse head and shoulders pattern are typically targeted using the vertical distance between the neckline and the lowest point of the head. This distance is known as the price objective and serves as a guidance for potential upward movement after the breakout. This pattern indicates a buy side opportunity in the index of almost 2% (360 Points) from the current market price (19691). Resistance Range on Chart - 19725 to 19765 (40 Points) Support Range on Chart - 19675 to 19645 (30 Points) Resistance Range on Option Chain - 19700,750,800 as per 12 Oct 23 Contract Support Range on Option Chain - 19600,500 as per 12 Oct 23 Contract
NSE:NIFTYLong
by mohnishagrawal7
4
10th Oct ’23 - India sends 5 white soldiers to the war - NiftyNifty Analysis Recap from yesterday: ”For true bearishness 19350 or the recent swing low has to be taken out tomorrow. Well, I have a bearish bias because of the LONG PUT option — but the charts are not showing anything so far. If we bounce back from the 19446 level tomorrow also — I may be forced to close out the position at a loss. For tomorrow I would like to go with a 50% neutral and 50% bearish option. Nifty is not technically weak — it is the global macro that is weak. “ Nifty does a gap-up open today and then rallies a total of 109pts in the opening candle w.r.t previous day’s close. This also ensures that yesterday’s swing high is not broken on the downside from the 2nd candle onwards. Till 11.35 Nifty showed no special signs of directional movement but once the 19620 levels were broken - it started climbing ferociously. Can you believe we shot up another 106pts ~ 0.54% to negate yesterday’s price action as well as take out the swing high of 6th October. Yesterday looked like a blip, remember our Friday’s plan - “Go long”. We are there now. What these 2 days did was to take out my stop losses both ways. My long stop loss was taken out yesterday and the short stop loss was taken out today. On the hourly chart - India replies with 5 white soldiers to the war news (3 white soldiers means 3 strong green candles). We have not taken out the 19776 resistance so far - but we are pretty close. I wish to change my stance from neutral to bullish with the first target of 19776 and the 2nd target of 19847. In case we lose the momentum tomorrow - we will still be range-bound unless the bottom support is broken.
NSE:NIFTYLong
by viswaram
Unlocking the Power of Confluence Zones for Nifty ChartHey fellow traders! Today, I'm excited to dive into the world of technical analysis and unveil the power of confluence zones in trading. We'll be focusing on the Nifty, a popular index among Indian traders. So, fasten your seatbelts and let's embark on this educational journey together! Understanding Confluence Zones Confluence zones are critical areas on a price chart where multiple technical indicators align, creating a strong support or resistance level. In simpler terms, it's like having several bodyguards protecting your trade. Here's what we're looking at for Nifty: Currently, Nifty is trading on its daily demand zone. Nifty is also very close to its uptrend line. The daily EMA 50 is in the mix too. This confluence of the demand zone, EMA 50, and trend line can act as a strong barrier for Nifty's price and we may witness reversal. 🪂✨ Why EMA 50 Matters 📊 The EMA 50 (Exponential Moving Average) is like the heartbeat of a trend. It smooths out price data and helps us identify the overall direction of the market. Many traders use it as a support or resistance level. History tells us that Nifty has bounced off the EMA 50 multiple times, as you can see in the circles on the chart . 🔄💡 If you find this analysis insightful, show your support by hitting the 🚀 icon, leaving a comment, and following my TradingView profile in.tradingview.com . Your feedback keeps the trading community thriving! 📈🔥
NSE:NIFTYLong
by AfnanTAjuddin
5
Nifty Tradesetup for 06-10-2023Nifty important levels to watch are as follows #Support: 19520 Sell below: 19520 only on 15 minute candle closure below the level. Target 1: 19430 Target 2: 19340 #Resistance: 19576 Buy Above: 19576 only on 15 minute candle closure Above the level. Target 1: 19630 Target 2: 19720 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
Nifty Expiry TradeSetup for 05-10-23Nifty important levels to watch are as follows #Support: 19400 Sell below: 19400 only on 15 minute candle closure below the level. Target 1: 19345 Target 2: 19275 Target 3: 19220 #Resistance: 19456 Buy Above: 19456 only on 15 minute candle closure Above the level. Target 1: 19530 Target 2: 19590 Target 3: 19650 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
FASP levels for Nifty 05/10/2023The FASP for Nifty is listed for 05-10-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty Trade Setup For 03-10-2023Nifty important levels to watch are as follows #Support: 19620 Sell below: 19620 only on 15 minute candle closure below the level. Target 1: 19560 Target 2: 19500 Target 3: 19460 #Resistance: 19715 Buy Above: 19715 only on 15 minute candle closure Above the level. scalpers can buy above 19675 for a small target. Target 1: 19790 Target 2: 19850 Target 3: 19895 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
3rd Oct ’23 -The opening 5mts candle has a story to tell - NiftyNifty Analysis Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.” The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two surprising things happened today The strength of the opening candle - unbelievable and unexpected. The reluctance to fall after that - shows true ruggedness. Usually, strong candles like that play out when there is strong news/event flow. I dont remember reading anything in particular before the trading session. Secondly, the character of the market to remain calm after such an opening is again unbelievable. As I write this article SPX is down -1.47%, NDQ -1.7%. Remember most markets had a RED September - so comparatively we are still the top most performing market. My point is - if a global fall is getting underway, our markets will have more points to lose in absolute terms. The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.
NSE:NIFTYShort
by viswaram
NIfty TradeSetup for 29-09-2023Nifty important levels to watch are as follows #Support: 19555 Sell below: 19555 only on 15 minute candle closure below the level. Target 1: 19530 Target 2: 19490 Target 3: 19422 #Resistance: 19600 Buy Above: 19600 only on 15 minute candle closure Above the level. Target 1: 19625 Target 2: 19670 Target 3: 19740 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset
29th Sep ’23 - Convincing Reversal and... - PostMortem on NiftyNifty Analysis We are beginning a new weekly, monthly and quarterly (Q3 2023-24) series today. Yesterday’s close = 19523. Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change my stance from neutral to bearish for tomorrow.” My bearish view was thrown into the dustbin today by Nifty50. We opened gap up and then started rallying very strongly. We hit the high of 19726 by 14.30 and then had a sharp correction. We went up 174pts and then gave away 107pts in last 1hr. To go bullish, the level marked was 19766 - but a closing near the 19700 values would have prompted me to change the stance to neutral. As per the chart the fall of 107pts still gives Nifty a bearish sentiment. On the 1hr chart I just drew the sloping orange line - this is connecting yesterday’s and today’s top. Notice the blue encircled region - those are the hourly candles for yesterday - all RED. Till 14.00 I was wondering how could we even have such a strong reversal today - won't that negate the move made yesterday? My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside - I wish to exit the short stance and go long.
NSE:NIFTYShort
by viswaram
Nifty 50 Market Analysis for Tomorrow**Nifty 50 Market Analysis for Tomorrow, 29th September 2023** ** interesting headline:** **Nifty 50: Key Levels to Watch for Tomorrow's Trading** ** Analysis:** Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The upper side resistance is at 19700. **For tomorrow, the support and resistance levels are as follows:** **Support:** * 19500 * 19400 **Resistance:** * 19600 * 19700 **If the market opens gap-up tomorrow, then 19400 will be a big support level.** If the market breaks below 19400, then it can go down to 19250-19300 zone. **On the upper side, 19600 is a good resistance level for the market.** If the market breaks 19600 and sustains above it, then a buying side entry may be possible up to 19700. 19700 is also a resistance level for tomorrow. **Overall, the market is in a volatile phase, and it is important to trade with caution.** Traders should keep a close eye on the support and resistance levels, and trade accordingly. **Additional tips:** * If you are a short-term trader, then you can look to trade the range between 19400 and 19600. * If you are a medium-term trader, then you can look to buy if the market breaks above 19600 and sustains above it. * If you are a long-term trader, then you can look to buy on dips, with a stop loss below 19400. **Please note that this is just a market analysis, and it is not a trading recommendation. Please do your own research and consult with a financial advisor before making any trading decisions.**
NSE:NIFTYShort
by santubittu
28 Sep ’23 Post Mortem on Nifty - Q2, Jul-Sep, Weekly ExpiryNifty Quarterly Report Today’s expiry marks the end of Q2 FY2023-24. Between 28th Jun 2023 to 28th Sep 2023 - Nifty has gained 2.89% ~ 547pts. June 28 was special as Nifty had hit a new ATH that day. It crossed the crucial resistance of 18880 then. The rally that started on 28th June ended on 20th Jul wherein Nifty hit a new ATH of 19991.85. From 21st Jul to 31st Aug Nifty was in a bearish descending channel. Sep 1st the I-CRR (incremental cash reserve ratio of 10%) withdrawal news hit the markets and then we started another round of rally. We broke the previous ATH and the new high became 20222.45 as on 15th Sep. If we compare Nifty50 with S&P500 (SPX), it was down by 2.32% ~ 101.42 pts. A divergence of 5.21% exist when Nifty(INR) vs SPX(USD) is considered and the divergence reduces to 4.5% when both of them are compared in USD currency. Our markets showing great outperformance yet again. Nifty Monthly Report In the month of September, Nifty gained 1.43% ~ 275pts at a headline level. The low-to-high rally was a humongous 943pts ~ 4.89% long which helped Nifty record new all-time highs. From 20th Sep we lost 671pts ~ 3.32%. Nifty Weekly Report Between the last expiry and today, Nifty has shed 358pts ~ 1.80% to close at 19553. Nifty Daily Report Recap from yesterday: “I am still not changing my stance from neutral as we are still between 19777 and 19562. If we break above 19777 I wish to go long tomorrow, whereas if we break 19562 — I’d prefer to go short.”. Remember that massive bounce yesterday from 10:30 AM? That got undone in today’s price action. We broke the swing low of 19554 to a new low of 19492. Intraday we fell 275pts ~ 1.39%. From last week I was hoping we would break the 19310 levels in this week’s expiry, but yesterday’s blip shattered that plan. On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change my stance from neutral to bearish for tomorrow.
NSE:NIFTYShort
by viswaram
What a Support for NiftyHi All… Greetings! Today im sharing with you Nifty (SPOT) Daily Chart. Nifty has taken a very good support at its trendline & 50 EMA. hope to see bull run continues in future. Thanking You Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your whole capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading Disclaimer – These ideas shared by me to all are my personal analysis / views. Im not a SEBI registered technical analysis.
NSE:NIFTYLong
by NikhilChoudhary2023
27 Sep ’23 Post Mortem on Nifty - Market makes a U turn?Nifty Analysis Recap from yesterday: “On the 1hr chart we are almost at the center point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally, I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that — I wish to maintain my neutral stance.” Yesterday SPX closed with a loss of 1.57%, as I write SPX is trading at -0.37% cuts today. The moment Nifty50 opened today - I was calculating a 1.5% fall would mean the 19310 is getting taken out today itself. The opening 1hr gave me that feeling, and we broke the last swing low of 19601. Then at 10.30 we saw a trend reversal - we went up 176pts ~ 0.90%. Simply unbelievable price action. This move came as a total surprise and I did not even have a trade to play. At 11.15 seeing a pause, I thought we will have the leg2 of fall. What happened was we went up not down. I got the same feeling at 12.15 that we will not cross yesterday’s close - markets broke that too. By the time we hit 19700 - it was too late for me to plan for a bullish trade. On the 1hr TF, Nifty clearly hit the downside orange line of 19562 - but did not get enough followthrough and I am still wondering why. The next 6 candles after the first one in green - usually seen during bullish phases. I am still not changing my stance from neutral as we are still between 19777 and 19562. If we break above 19777 I wish to go long tomorrow, whereas if we break 19562 - I’d prefer to go short. Meanwhile, if you know why Nifty made this strange move today - do let me know.
NSE:NIFTY
by viswaram
Nifty Trade Setup for 26-09-2023Nifty important levels to watch are as follows #Support: 19650 Sell below: 19650 only on 15 minute candle closure below the level. Target 1: 19590 Target 2: 19490 #Resistance: 19720 Buy Above: 19720 only on 15 minute candle closure Above the level. Target 1: 19780 Target 2: 19850 #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section. #If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NSE:NIFTY
by InvestyourAsset